Hearing Screening Diagnostic Devices Market 2021: key vendors, Growth Analysis

Posted by Vinit on January 11th, 2021

A high level of noise nuisance created in manufacturing industries that cause deafening in some cases is expected to induce market demand. In addition, the high birth rate in developing countries, combined with hearing impairment among newborns, required more in-depth preventive measures; this factor is creating opportunities for the key players to bridge the gap with effective solutions. The underdeveloped health sector in Africa can be a lucrative opportunity for market participants to expand their reach. Improving the health budgets of emerging and developed economies can be useful for the development of research in advanced screening tests.

The market for hearing diagnostic equipment will gain strength as the number of hearing disorders increases. The high demand for screening procedures to detect these disorders in a preventive phase is likely to boost the market.

Market Research Future (MRFR) forecasted that the global hearing screening diagnostic devices market would witness a peak in valuation and grow at a CAGR of 6.50% during the forecast period, 2018-2023.

Based on age, it is segregated into neonatal hearing screening and others. It could reach 3.53 million in 2023, which can be attributed to hearing loss in newborns and premature babies.

The global market based on indication is bifurcated into conductive hearing loss, combined hearing loss, sensorineural hearing loss, and others. The sensorineural segment is expected to be the second-largest profitable segment. generates.

Moreover, the hearing screening diagnostics market is further broadly divided into hospitals and clinics, diagnostic centers, and so on. Hospitals and clinics are expected to generate significant revenues in the global market by 2023 due to their ability to manage large numbers of patients. Diagnostic centers held the second largest market share due to the latest equipment available to perform hearing screening procedures.

Market Participants

The leading players contributing in the hearing screening diagnostic devices market include Natus Medical Incorporated, Inventis srl, Accent Hearing Pty Ltd, Otodynamics Ltd., Amplivox Limited, IntriCon Corporation, Sivantos Pte. Ltd, MAICO Diagnostics GmbH, Otometrics, Starkey, and Intelligent Hearing Systems.